Banking

Savings, Money Market & Certificates

Your business thrives because it adapts to a changing economy. Part of your readiness plan includes having money available to you when you need it, while earning compound interest when you don’t. KeyPoint Credit Union’s business savings accounts, money market accounts and certificates offer varying degrees of liquidity with various dividend-earning rates.

Business owners in the Bay Area and Silicon Valley will benefit from business savings accounts and other savings options to establish emergency funds for the future.

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Features

Rates

Which Business Savings and Business Certificate account is right for you?

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Savings Rates

Rates Effective: 8/8/18

Savings Account Balance

Dividend Rate

Annual Percentage Yield (APY)

Less than $49,999.99

0.05%

0.0500%

$50,000 or Greater

0.10%

0.1000%

Savings accounts have variable rates. All dividends are compounded and paid monthly.

Rates as of 8/8/2018 and are subject to change. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. For more information, see the Truth in Savings Disclosure.

Money Market Rates – Business

Rates Effective: 8/8/18

Money Market

Dividend Rate

Annual Percentage Yield (APY)

$1,000 to $9,999.99

0.20%

0.2002%

$10,000 to $24,999.99

0.25%

0.2503%

$25,000 to $49,999.99

0.30%

0.3004%

$50,000 or greater

0.35%

0.3506%

Balances under $1,000 will earn the regular savings rate. Money Marketing accounts have variable rates. All dividends are compounded and paid monthly.
Rates as of 8/8/2018 and are subject to change. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. For more information, see the Truth in Savings Disclosure.

Certificate - Business

Rates Effective: 8/8/18

Minimum Term

$1,000 Minimum Balance

1 month

0.2500% rate 0.2500% APY

3 months

0.4000% rate 0.4005% APY

6 months

0.6500% rate 0.6518% APY

12 months

1.1500% rate 1.1561% APY

24 months

1.4500% rate 1.4597% APY

36 months

1.5500% rate 1.5611% APY

48 months

1.7000% rate 1.7133% APY

60 months

2.0500% rate 2.0694% APY

0.10% bonus with direct deposit. Failure to maintain direct deposit during the term of the Certificate will reduce the rate by 0.10%. Certificate accounts have a fixed rate. All dividends are compounded and paid monthly and/or at maturity. A penalty may be imposed for withdrawals before the maturity of a certificate: Terms less than or equal to 12 months may have a penalty equal to 90 days of dividends on the amount withdrawn; Terms greater than 12 months may have a penalty equal to 180 days of dividends on the amount withdrawn. Certificates must maintain the rate tier minimum balance through the end of the term. If the balance falls below the rate tier minimum balance, the Certificate must be closed.

Rates as of 8/8/2018 and are subject to change. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. For more information, see the Truth in Savings Disclosure.

Reset Certificate

Rates Effective: 8/8/18

Minimum Term

$1,000 MINIMUM BALANCE

12 months

1.25% rate 1.2571% APY

24 months

1.55% rate 1.5610% APY

0.10% bonus with direct deposit. Failure to maintain direct deposit during the term of the Certificate will reduce the rate by 0.10%. All Certificates are compounded and paid monthly and/or at maturity. Certificates have fixed rates. Early withdrawal penalties apply. Certificates must maintain the rate tier minimum balance through the end of the term. If the balance falls below the rate tier minimum balance, the Certificate must be closed. Applicable penalties will apply to the principal balance. The stated APY assumes principal and interest remain on deposit for the term of the certificate. Interest is compounded monthly.

After account opening, you have the option to ReSet your rate one time during the initial term of your certificate by choosing your reset rate from the effective Traditional Certificate rate of the same term. Your ReSet rate will be effective from the date you contact us and may take up to one business day to process.

Certificate - Business Special

Rates Effective: 8/8/18

Minimum Term

$1,000 Minimum Balance

12 months

2.40% rate 2.4265% APY

24 months

2.55% rate 2.5800% APY

All Certificates are compounded and paid monthly and/or at maturity. Certificates have fixed rates. Early withdrawal penalties apply. Certificates must maintain the rate tier minimum balance through the end of the term. If the balance falls below the rate tier minimum balance, the Certificate must be closed. Applicable penalties will apply to the principal balance. The stated APY assumes principal and interest remain on deposit for the term of the certificate. Interest is compounded monthly. All Certificates are for new money only; they are not for existing Certificates of Deposit maturing or money transferred from an existing savings, checking or money market account.

Rates as of 8/8/2018 and are subject to change. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. For more information, see the Truth in Savings Disclosure.